By Aditi Shah and Tim Hepher ISTANBUL (Reuters) -The United States is in a “business recession” but the consumer is “strong”, Scott Kirby, chief executive of United Airlines, the world’s largest carrier, told reporters at an aviation conference in Istanbul on Monday. This can be seen as leisure air travellers come back stronger and faster…
(Reuters) – Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on global economic slowdown concerns after weaker readings from China and major European countries. Investors disposed of a net $4.55 billion of global equity funds during the week, Refinitiv Lipper data showed, compared with a weekly…
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched European equities last week for stocks in the United States and Japan, client notes from JP Morgan, Morgan Stanley and Goldman Sachs show, as strong economic data lifted equity markets in both countries. Commodity Trading Advisors, hedge funds that use algorithms to trade market trends, rotated…
By Sruthi Shankar and Shristi Achar A (Reuters) – Wall Street futures were subdued on Monday after a solid rally last week, as investors assessed chances of the Federal Reserve pausing interest rate hikes at its upcoming policy meeting. U.S. stocks rallied on Friday after a report showed that wage growth moderated in May, raising…
(Reuters) – Russia’s foreign ministry said on Monday that it saw no prospects for extending the Black Sea grain export deal, which is set to expire in mid-July, Russian news agencies reported. TASS news agency quoted the ministry as saying that it was continuing consultations with the United Nations, and that ship inspections had resumed….
By Guy Faulconbridge MOSCOW (Reuters) -Russia said on Monday its forces had thwarted a major Ukrainian offensive at five points along the front in the Ukrainian region of Donetsk and killed hundreds of troops while Ukraine accused Moscow of spreading lies. It was not immediately clear whether or not the attack represented the start of…
(Reuters) – Richard Teng, Binance’s head of regional markets outside the United States, is seen as the most likely candidate to succeed the cryptocurrency firm’s chief executive officer, Changpeng “CZ” Zhao, according to media reports. The issue of succession has taken on additional urgency, as the company has come under intense U.S. scrutiny in recent…
By Ben Blanchard and Laurie Chen TAIPEI/BEIJING (Reuters) -The U.S. Navy has released a video of what it called an “unsafe interaction” in the Taiwan Strait, in which a Chinese warship crossed in front of a U.S. destroyer in the sensitive waterway, a risky incident amid deteriorating Sino-U.S. ties. The encounter comes as both countries…
By Suban Abdulla LONDON (Reuters) – British services firms reported the strongest input cost pressures in three months in May and a steep increase in prices charged against a backdrop of solid growth, adding further pressure on the Bank of England to keep raising interest rates. The final S&P Global/CIPS UK Services Purchasing Managers’ Index…
By Ange Aboa KATIOLA, Ivory Coast (Reuters) – Drissa Dembele, a farmer and buyer of raw cashews, surveyed unshelled nuts he had spread out to dry on a tarpaulin in a dusty courtyard, unsure of when he would sell them. Dembele, a 36-year-old father of two, had sold only five bags of nuts since the…
